Fidelity Wise Origin Bitcoin Fund financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Fidelity Wise Origin Bitcoin Fund files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2023	FY2024	FY2025
Interest income	0	0	0
Net income	0	6,943	-1,586

Balance sheet

	FY2024	FY2025
Cash and equivalents	0	0
Total assets	18,855	17,707
Total liabilities	40.8	70.3
Paid-in capital	11,871	12,279
Retained earnings	6,943	5,357
Shareholders' equity	18,814	17,636
Total equity	18,814	17,636
Total liabilities and equity	18,855	17,707
Shares outstanding	231	231

Cash flow statement

	FY2024	FY2025
Net income	6,943	-1,586
Cash from operations	-11,705	-128
Stock issued	15,538	9,922
Share buybacks	-3,833	-9,794
Cash from financing	11,705	128
Net change in cash	0	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $72.53 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-91.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-91.6%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-122.8%	Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-6.3%	Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	-6.1%	Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	0.1%	Total liabilities / total assets.
Tangible book value	$10.30B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
Book value per share	$51.44	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$51.44	Tangible book value / shares outstanding.
Cash per share	$0.00	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$14.32B	Share price x shares outstanding.
Enterprise value	$14.32B	Market cap + total debt - cash - short-term investments.
P/B	1.39x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.39x	Market cap / tangible book value, when positive.
P/OCF	7.85x	Market cap / cash from operations, when positive.
Earnings yield	-66.0%	Net income / market cap (the inverse of P/E).
Shareholder yield	63.4%	(Dividends paid + share buybacks) / market cap.

Was Fidelity Wise Origin Bitcoin Fund profitable in fiscal 2025?

No. It reported a net loss of $1.59B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

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